Insights

2024 ETF Impact Survey

Gain new insight into the ETF market and what’s on the minds of investors, from State Street Global Advisors’ survey of institutional investors worldwide.

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We surveyed 500 institutional investors on their outlook, portfolio allocations, and the trends they predict will have the greatest impact in the future. What did they say? Find out.

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Bullish Institutional Investor Outlook

49% of institutional investors are bullish about S&P 500® returns in 2024, 39% are neutral, and 11% are bearish.

19%

Average percentage bullish investors think the S&P 500 will be up by year end

-17%

Average percentage bearish investors predict the S&P 500 will be down by year end

Source: State Street Global Advisors, 2024 ETF Impact Survey, April 2024. Questions asked: By the end of 2024, do you think the S&P 500 returns will be up (bullish), flat (neutral) or down (bearish)? Approximately what percent do you think it will be up/down?

But do institutional investors think the index is a good proxy for the US economy? And how does this outlook compare to their outlook for US, country-specific, and global economies?

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Liquidity: The Top Reason Institutions Use ETFs

The greatest proportion of institutional investors use ETFs for liquidity management and hedging (23%). Following liquidity, institutions use ETFs for core holdings for diversified exposure (19%), tactical asset allocation and market timing (16%), and access to specific markets, sectors, or themes (15%).

What did institutions rank as the most important decision-making criteria when choosing between ETFs with same or similar exposures?

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Higher Portfolio Satisfaction Among ETF Users

Heavy users of ETFs* report much higher levels of satisfaction with their portfolio performance over the last 12 months compared to light ETF users.^

See how factors like high liquidity influence portfolio satisfaction for institutional investors.

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Actively Managed ETFs in Demand

The vast majority of institutional investors (80%) report that they are likely to consider actively managed ETFs. Only 4% are not.

And in the Netherlands, institutional investors are even more likely to consider active ETFs (90%).

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Unlock Even More Survey Insights

Our 2024 ETF Impact Survey Results reveal what’s on the minds of ETF investors globally — from individual investors to advisors and institutitions — and is jam-packed with insights on:

1

Investor economic sentiment, globally and locally

2

Predictions about the US equity market’s performance

3

Trends in current and planned portfolio construction

4

The role ETFs play in institutions’ portfolios

5

Important factors for ETF consideration and selection

6

And much more!

Dig into the survey findings today.

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Dive Deeper Into the Future of ETFs

ETF Impact Report 2024-2025: The Next Wave of Innovation

In addition to the survey, explore how ETFs are shaping the future of investing in our latest report. Uncover top trends and predictions from our strategists.

Get the Report

About the Survey

State Street Global Advisors, in partnership with field partners A2Bplanning and Prodege, conducted an online study in April 2024 among individual investors, financial advisors, and institutional investors to assess investor sentiments, investment portfolio trends, the impact of ETFs on portfolio contruction, and more.

This survey further builds on research conducted with individual investors in November and December of 2022. For the 2024 ETF Impact Survey, State Street Global Advisors expanded the scope to include institutional investors from various countries, as well as US financial advisors.

Data was collected between April 1-25, 2024 from the following:

Individual Investors:

Financial Advisors:

Institutional Investors:

Important Risk Disclosures

Marketing Communication

State Street Global Advisors Worldwide Entities

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The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.

All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

The views expressed in this material are the views of the State Street Global Advisors Practice Management Group through the period ended May 30, 2024 are subject to change based on market and other conditions. The opinions expressed may differ from those with different investment philosophies. The information provided does not constitute investment advice and it should not be relied on as such. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

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The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.